Will MICA be self-sufficient after it goes into operation or will it need assistance from the city?

A:

MICA has a strong operating pro-forma supported by multiple organizations that will offer a wide variety of arts performances, events and classes for community members of all ages. This will diversify MICA’s revenue streams so that risk is reduced by not having to rely on the success of one organization or are limited by a single-use facility.

In addition, MICA has built a $1MM operating reserve into its capital campaign to cover projected needs in excess of fundraising in the start-up years.